Friday, February 22, 2013

Financial Products News #2013 - 5
NASDAQ OMX to Launch Two New Indexes Effective Thursday, February 28, 2013

Markets Impacted:

  • All Markets

Data Feeds Impacted:

  • NASDAQ OMX Global Index Data Service (GIDS)

Contact Information:

What you need to know:

    Effective Thursday, February 28, 2013, NASDAQ OMX® will begin disseminating the following new indexes on the Global Index Data Service 2.0SM (GIDS 2.0SM):

  • Credit Suisse NASDAQ Silver FLOWSTM108 Price Index (Symbol: QSLVO)
  • Credit Suisse NASDAQ Silver FLOWSTM108 Total Return Index (Symbol: QSLVOTR)

What are the new Indexes?

The Indexes are a part of the Formula-Linked OverWrite Strategy (FLOWSTM) Index family, which was developed by Credit Suisse. Each Index within the family is designed to replicate a "covered call" strategy. Covered call strategies represent an approach to owning assets that offers higher yield than simply holding the asset except in cases when the asset increases above the call strike. The Silver FLOWSTM Indexes adopt this covered call strategy. The 108 Indexes select the Option that has the lowest listed strike price that is above 108% of the closing price of the Shares as of the Strike Observation Time on the Strike Observation Date.

How will the indexes be disseminated?

Effective Thursday, February 28, 2013, data recipients will receive real-time index information from the proprietary GIDS 2.0 data feed.

NASDAQ OMX® will identify the indexes via the following data elements in GIDS 2.0:

Instrument ID Instrument Name Currency Frequency FP Type Brand
QSLVO Credit Suisse NASDAQ Silver FLOWSTM108 Price Index USD "1S" "I" "PI"
QSLVOTR Credit Suisse NASDAQ Silver FLOWSTM108 Total Return Index USD "1S" "I" "PI"
  • Equities Summary (Message Type F): Disseminated at the end of the U.S. and European trading session to relay the summary of the current trading day's activity for an equity index.
  • Index Directory (Message Type R): Disseminated at the start of each day to relay basic index information.

Please note: NASDAQ OMX will not support an official Index Settlement Value at this time.

Where can I find additional information?


Subscribe to Email Alerts:
Nasdaq is offering customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives.

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile